The Ripple vs. SEC proceedings have always been a highlight for crypto enthusiasts. The recent developments have brought in partial wins for Ripple, but the case is still pending in court.
A known legal expert, “MetaLawMan,” James Murphy, suggests that there is a possible third way out. The way out could lead both entities to consider a possible legal settlement.
Also Read: BRICS: US Dollar Ranks 10 Out of 180 Global Currencies
SEC vs Ripple Lawsuit
While being interviewed on a podcast dubbed “Thinking Crypto,” Murphy was quick to predict fresh outcomes. The new outcome in the Ripple vs. SEC case includes a new route for the concerned parties.
Murphy outlined how changes in the US Presidency soon can possibly trigger an overall change in the crypto regulatory arena, which could eventually lead the SEC and Ripple to resolve their legal battle proceedings.
Also Read: US Dollar Retreats as Investors Await Inflation Report
He later simplified how a change in the US presidency, coupled with the possibility of a change in the SEC’s future administrative panel, can bolster this change up a notch.
Ripple vs. SEC: Latest Legal Update
This is one of the most closely watched legal battles ever to have been fought in crypto history. The Securities and Exchange Commission vs. Ripple has been drawing considerable attention since its inception back in 2020.
Also Read: Bitcoin Whales Make $6 Billion Purchase: Will BTC Reach $57,000 Next?
While talks of settlements are being predicted, a new development has ushered in trouble for Ripple again. A new Thursday filing revealed that the SEC has yet again asked Ripple to submit financial statements about the years 2022–2023, for further investigation.
To clarify its stance, the SEC claims that Ripple has yet to produce any post-complaint discovery-related information. This further entails how, despite various efforts, SEC and Ripple are yet to arrive at mutual terms of cooperation and understanding, leading the development to have hit a possible “impasse.”
